A “Potential Dividend Run Alert” was issued for Canadian Imperial Bank Of Commerce (NYSE: CM), signaling a potential rise in stock price ahead of the upcoming ex-dividend date. The ex-dividend date marks when buyers are no longer entitled to the dividend, causing the stock price to drop by the dividend amount. Looking back at CM’s dividend history, a strategy of buying two weeks before the ex-dividend date has resulted in capital gains exceeding the dividend amount 3 out of 4 times. With an upcoming dividend of 0.97/share on 12/27/24, investors are watching to see if history will repeat itself.

The implied annualized yield for CM is 5.76%, making it an attractive dividend stock for investors. Stay tuned for more Dividend Run candidates and sign up for free Dividend Alerts at DividendChannel.com for updates.

Read more at Nasdaq.: Upcoming Dividend Run For CM?